Stockland is leading the charge with speculative industrial development in Sydney to cater for a growing demand in the fast-growing warehouse and logistics sector.
Stockland General Manager Workplace and Logistics Tony D’Addona said: “We understand the nature of the logistics supply chain is evolving quickly. We also understand occupiers requirements can emerge or change quickly. By researching markets where supply is limited and there is an underlying demand, we are able to build quality accommodation that is superior to existing stock without the commitment of a pre-lease.
“We’re creating developments that are attractive to tenants looking for modern, efficient space with just in time requirements for purpose-built flexible industrial warehouse facilities.”
The demand for space in the right locations is driving Stockland’s investment in new developments with sustainable design initiatives and flexible design characteristics such as 10 to 13.7 metre springing heights, 6 tonne floor point loads, ESFR sprinklers and B-Double accessible truck courts.
A recent example of speculative development success is Coopers Paddock at Warwick Farm. Completed in 2018 and fully leased before completion, the state-of-the-art and sustainable logistics centre has answered market demand for space of this calibre.
Stockland National Development Manager for Workplace and Logistics Robert MacKay said: “Stockland’s pre-lease agreement with Daikin for part of the 11-hectare site allowed the speculative development of 17,000 sqm of warehouse space to meet growing leasing demand in Sydney’s southwest. The warehouse was designed so it could be split into multiple tenancies, to cater for a wide range of potential tenants.”
In line with Stockland’s focus on delivering customer-focused solutions that provide flexibility to accommodate future growth and changing requirements, the original design was modified to suit Daikin’s specific needs.
The Workplace and Logistics portfolio continues to perform well with high occupancy (98.7 per cent in Sydney and Melbourne), strong leasing and good progress on our $600 million development pipeline.